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GypsySoul
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Bitcoin is a legend

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Bitcoin could be the backbone of a new financial era where trust is math, not institution-based. 'Trust, but verify' - now, we just verify.

Oh that sweet breath of nature, which is so remarkably experienced in Australia.

Bitcoin's impact on remittances could reshape economies. 'Sending value should be as easy as sending an email.'

Bitcoin's scriptability could redefine contracts. 'Smart contracts are the future of agreement, transparent and unbreakable.'

Bitcoin's energy debate highlights our global energy challenges. 'Every problem is an opportunity in disguise.'

With Bitcoin, every transaction is a vote for a transparent financial system. 'Transparency is the new opacity.'

Bitcoin's volatility? Consider it the price of freedom from financial censorship. 'Freedom is never given; it is won through innovation.'

Satoshi Nakamoto gave us a tool for economic empowerment. 'Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.'

Financial inclusion isn't just a buzzword with Bitcoin; it's a reality. 'Banking the unbanked' - Bitcoin's promise to the world.

Bitcoin teaches us about scarcity in a digital age. 'The value of a thing is never in its abundance but in its scarcity.' - Satoshi's lesson.

Most probably he has 7 shirts of the same model. Most people donโ€™t bother having the same clothes and they regularly clean & wear

๐–๐ก๐ฒ ๐’๐œ๐š๐ซ๐œ๐ข๐ญ๐ฒ ๐ข๐ง ๐Œ๐จ๐ง๐ž๐ฒ ๐ฆ๐š๐ค๐ž๐ฌ ๐ฒ๐จ๐ฎ ๐ฐ๐ž๐š๐ฅ๐ญ๐ก๐ฒ!

"Bitcoin is absolute scarcity." Sounds common, right? But why should you care? Itโ€™s one of those things Bitcoiners say without really diving in. So letโ€™s unpack it. What happens when something is scarce?

Scarce resources create competition and make people want them even more. In a free market, this competition is what drives prices up. If demand is high and supply is low, prices rise. Thatโ€™s the marketโ€™s way of saying, โ€œHey, we need more of this. If you can get it, you can make money!โ€ Itโ€™s a balancing act. And with commodities, it works, because the incentive is to produce more of the good.

๐Ÿ’ต ๐“๐ก๐ž ๐‘๐จ๐ฅ๐ž ๐จ๐Ÿ ๐’๐œ๐š๐ซ๐œ๐ข๐ญ๐ฒ ๐ข๐ง ๐Œ๐จ๐ง๐ž๐ฒ

But what about money? Usually, something is chosen as money because itโ€™s easy to trade (liquidity). But what if the supply wasnโ€™t limited? Well, then anyone could just print more, and boomโ€”everyone's hard-earned cash is worth less because the prices of goods and services rise due to the changed money supply. Not cool, right? Scarcity in money ensures that money stays reliable and keeps its value. Due to productivity increases and increasing demand for the money, a scarce money can even buy you more in the future.

๐Ÿš€ ๐–๐ก๐ฒ ๐๐ข๐ญ๐œ๐จ๐ข๐งโ€™๐ฌ ๐’๐œ๐š๐ซ๐œ๐ข๐ญ๐ฒ ๐ข๐ฌ ๐ฌ๐จ๐ฆ๐ž๐ญ๐ก๐ข๐ง๐  ๐ฐ๐ž'๐ฏ๐ž ๐ง๐ž๐ฏ๐ž๐ซ ๐ฌ๐ž๐ž๐ง ๐›๐ž๐Ÿ๐จ๐ซ๐ž

So, why is Bitcoin such a big deal? Bitcoin is the invention of digital scarcity. Nothing like it before. Even gold, which is known for being rare, still increases by about 2% a year. But Bitcoin? Its supply is fixed, forever. When you price things in Bitcoin, every tech innovation actually makes stuff cheaper because Bitcoinโ€™s supply doesnโ€™t change.

๐Ÿ’ก ๐“๐ก๐ž ๐Œ๐จ๐ง๐ž๐ญ๐š๐ซ๐ฒ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ

Now, about the "monetary premium." When money loses its scarcity, it stops being a good store of value. Imagine if everyone had a magic money printerโ€”it wouldnโ€™t be worth much. Monetary goods usually have a higher purchasing power than their use-value alone. Thatโ€™s the monetary premium. Silver, for instance, is in high demand industrially, so its premium isnโ€™t huge. Gold has a bigger premium. But Bitcoin? Itโ€™s got the highest premium because it wasnโ€™t made to be used, it was made to be money.

Well said nostr:npub1yadzn065lkghcg7puhp2kn96tp79fzysq4j0vku9kntaa9j2cr2s3n98zt ๐Ÿ˜Ž

Imagine a world where your money works as hard as you do. Bitcoin's decentralized nature means no downtime, no holidays, just 24/7 global access. โšก๏ธ

Bitcoin brings value to the world ๐Ÿš€โšก๏ธ

zap zap โšก๏ธ

Like or Zap, if you are HODLing #Bitcoin โœŠ